Sat, Apr 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Co-head of Citadel's global equities group to leave hedge fund

Monday, August 27, 2012

amb
Jeff Runnfeldt
Bailey McCann, Opalesque New York: Jeff Runnfeldt, co-head of Citadel LLC’s global equities group, is leaving after a decade at the hedge fund, according to a Bloomberg report of the matter. Runnfeldt has been in the position since 2009 when Citadel started its equity fund. Citadel is a multi-billion dollar hedge fund run by Ken Griffin.

The departure of Runnfeldt follows an announcement earlier this month that Chris Boas, former global head of credit at the firm, who left last year is starting his own fund. Boas’ Longwood Credit Partners LLP will seek to profit from price differences between debt securities and is scheduled to start in the first quarter of next year, according to an account of the matter. For his part, Runnfeldt intends to retire.

Citadel started breaking up its securities unit in 2011, but so far intends to keep its electronic trading and market making business despite a failed attempt to start a full fledged investment bank. The fund was also recently in the news for losses it took as part of the glitch-riddled Facebook IPO in which the firm bought and sold $3.8bn in Facebook stock, according to a Reuters ......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably